Assuming an interest rate of 6%, the present value of $ 16,000 received at the end of each year for 6 years would be closest to: (Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) A. $10,640. i - X Data Table B. $78,672. C. $96,000. D. $111,600. Present Value of $1 Periods 5% 4 6% 0.792 0.747 0.705 0.823 0.784 0.746 8% 0.735 0.681 5 6 0.630 10% 0.683 0.621 0.564 0.513 0.467 0.424 7 0.665 0.583 8 0.711 0.677 0.645 0.614 9 0.627 0.592 0.558 0.540 0.500 0.463 10 0.386 Print Done Assuming an interest rate of 6%, the present value of $ 16,000 received at the end of each year for 6 years would be closest to: (Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) A. $10,640. i - X Data Table B. $78,672. C. $96,000. D. $111,600. Present Value of Annuity of $1 Periods 5% 4 3.546 5 4.329 6 5.076 7 5.786 8 6.463 9 7.108 10 7.722 6% 3.465 4.212 4.917 5.582 6.210 6.802 7.360 8% 3.312 3.993 4.623 5.206 5.747 6.247 10% 3.170 3.791 4.355 4.868 5.335 5.759 6.145 6.710 Print Done